Question: please solve this problem without using Excel and show all steps Using the following table of spot rates, calculate the total value at time 5
Using the following table of spot rates, calculate the total value at time 5 of the following three cash flows: 2,000 at time 0 2,000 at time 2 2,000 at time 4 Assume that the cash flows at time 2 and at time 4 are invested at today's forward rates. Term (years) 2 3 4 5 Spot rate 6.00% 6.10% 6.40% 6.80% 7.50% 1 A. 7,629 B. 7,729 C. 7,829 D. 7,929 E. 8,029
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